With numerous industrial process manufacturers clamouring for digitisation, digitalisation and digital transformation in recent years, it may come as a surprise to learn that 70% of related project efforts have fallen short of the goal line. This stems from a lack of employee engagement, inadequate management support, poor cross-functional collaboration, and a lack of accountability, in addition to confusion around the three digital terms themselves. In spite of the shortcomings, industrial organisations cannot be discouraged, and instead should use these lessons to drive holistic preparations for the digital present. Digital transformation is happening throughout all aspects of modern life, bringing with it some disruptive changes to our societies and industries worldwide. The process industries are no exception, as Industry 4.0 is changing operations and stakeholder expectations constantly. But if there is one thing that we have learned over the past few years through the global pandemic, it is that many of our old beliefs and ways of working can – and must – be modernised. Compared to the fast-paced tech industry, conventional process industries – such as hydrocarbon, energy and chemicals – are facing greater challenges for digital transformation due to investments in infrastructure, large personnel bases, legacy equipment, […]
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